24 CFR 241.1050 - Method of loan payment.

Regulations last checked for updates: May 04, 2025

Title 24 - Housing and Urban Development last revised: Apr 20, 2025

View all text of Subpart E [§ 241.1000 - § 241.1120]

§ 241.1050 - Method of loan payment.

The loan shall provide for monthly payments on the first day of each month on account of interest and principal and shall provide for payments in accordance with the amortization plan as agreed upon by the borrower, the lender, and the Commissioner.

authority: 12 U.S.C. 1715b,1715z,and; 42 U.S.C. 3535(d)

source: 36 FR 24653, Dec. 22, 1971, unless otherwise noted.

cite as: 24 CFR 241.1050